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286 results, from 231
Diskussionspapiere 1140 / 2011

Longevity, Life-Cycle Behavior and Pension Reform

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the public pension system. We calculate that, ...

2011| Peter Haan, Victoria Prowse

Longevity, Life-Cycle Behavior and Pension Reform

Bonn: IZA, 2011, 39 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 5858)
| Peter Haan, Victoria Prowse
Diskussionspapiere 1120 / 2011

The Strategic Use of Private Quality Standards in Food Supply Chains

This paper highlights the strategic role that private quality standards play in food supply chains. Considering two symmetric retailers that are exclusively supplied by a finite number of producers and endogenizing the producers' delivery choice, we show that there exist two asymmetric equilibria in the retailers' quality requirements. The asymmetry is driven by both the retailers.incentive to raise ...

2011| Vanessa von Schlippenbach, Isabel Teichmann
FINESS Working Papers 4.5 / 2010

Unemployment and Portfolio Choice: Does Persistence Matter?

We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the ...

2010| Vladimir Kuzin, Franziska Bremus
SOEPpapers 350 / 2010

Broke, Ill, and Obese: The Effect of Household Debt on Health

We analyze the effect of household indebtedness on different health outcomes using data from the German Socio-Economic Panel from 1999-2009. To establish a causal effect, we rely on (a) fixed-effects methods, (b) a subsample of constantly employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of household indebtedness, such as the ...

2010| Matthias Keese, Hendrik Schmitz
SOEPpapers 339 / 2010

The Life-Cycle Hypothesis Revisited: Evidence on Housing Consumption after Retirement

According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. Whereas some consumption expenditures may fall when goods are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption which can hardly be substituted by home production. We test this hypothesis using micro data for Germany ...

2010| Miriam Beblo, Sven Schreiber
Diskussionspapiere 1066 / 2010

Forecasting Private Consumption by Consumer Surveys

Survey-based indicators such as the consumer confidence are widely seen as leading indicators for economic activity, especially for the future path of private consumption. Although they receive high attention in the media, their forecasting power appears to be very limited. Therefore, this paper takes a fresh look on the survey data, which serve as a basis for the consumer confidence indicator (CCI) ...

2010| Christian Dreger, Konstantin A. Kholodilin

Do Google Searches Help in Nowcasting Private Consumption? A Real-Time Evidence for the US

Zürich: KOF, 2010, 25 S.
(KOF Working Papers ; 256)
| Konstantin A. Kholodilin, Maximilian Podstawski, Boriss Siliverstovs
SOEPpapers 327 / 2010

Family Events and Timing of Intergenerational Transfers

This research investigates how family events in adult children's lives influence the timing of their parents' financial transfers. We draw on retrospective data collected by the German Socio-Economic Panel Study (SOEP) and use event history models to study the effects of marriage, divorce, and childbirth on receiving large gifts from parents. We find increased chances of receiving gifts of houses or ...

2010| Thomas Leopold, Thorsten Schneider
Diskussionspapiere 1056 / 2010

Confronting the Representative Consumer with Household-Size Heterogeneity

Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer construct with microfoundations. One complex aspect of micro-level heterogeneity is household size, as individuals ...

2010| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
286 results, from 231